Investors piled into technology shares, driving the Nasdaq up 2.1% as markets brace for corporate earnings and key labor reports this week.
US equities climbed on Monday, with the Nasdaq Composite rising 2.1% as investors rotated back into technology stocks. The S&P 500 also advanced, supported by optimism ahead of a packed week of corporate earnings and critical labor-market data releases.
The rally follows a period of volatility, with tech stocks rebounding after recent pullbacks. Analysts caution that risks remain, including potential disappointments in earnings or economic indicators. Last week’s mixed data had already sparked concerns over growth and inflation trends.
Markets are closely watching upcoming reports, including nonfarm payrolls, for signs of economic strength or weakness. The tech sector’s outperformance suggests renewed appetite for growth, though some strategists warn the rebound may be short-lived.